Racine County Agricultural Society Inc

Analysis

Racine County Agricultural Society Inc is a registered charity in United States, based in Union Grove, WI. It received its IRS tax-exemption ruling in December 1981, 45 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending October 2023, Racine County Agricultural Society Inc reported income of $1.4m and spending of $1.3m, spending 91% of its income. Across the 4 years on record, from October 2020 to October 2023, income grew from $234k to $1.4m (+497%), an average of +81% a year. The sharpest change came in the year to October 2021, when income rose by 500%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Racine County Agricultural Society Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within WI. Charities of a similar size with the same main cause include Hillel the Foundation for Jewish Campus Life ($1.4m), Mosaic Counseling ($1.4m) and The National Institute for Science Law and Public Policy Inc ($1.4m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 4.7% and program service revenue 78% of the total. Other salaries and wages came to $129k. At year end it held assets of $3.2m against liabilities of $16k, net assets of $3.2m. It reported 19 employees.